Global conditions and the October F&O expiry, compounded by mixed corporate earnings, kept the markets under pressure last week. On Friday, Nifty closed at 8065, which was down around 45 points.

Nifty has lost key support at 8200 (100 DMA). It is poised to test 8015 (50 DMA) and 8000 in the near term. A decisive move below 8000 can cause intensified sell-off this week. Investors can create bear spread with put options, by buying Nifty 8100 call and selling 7900 call options of November series.